What the Bank of Canada rate cut means for mortgages, consumer loans and investments
The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent. Here's what it could mean for your finances.What does it mean for consumers and prime rates?The Bank of Canada's benchmark rate affects borrowing costs for banks, which means they're able, but not forced, to lower their own lending rates.READ MORE Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single-family homes in cities across BC. For more up-to-date market information please visit macrealty.com/blog.Abbotsford
Bowen Island
Burnaby East
Burnaby North
Burnaby South
Cloverdale
Coquitlam
Greater Victoria
Kelowna
Ladner
Langley
Maple Ridge
Mission
Nanaimo
New Westminster
North Delta
North Okanagan
North Surrey
North Vancouver
Parksville / Qualicum
Pitt Meadows
Port Coquitlam
Port Moody
Richmond
Saanich Peninsula
South Okanagan
South Surrey/White Rock
Squamish
Sunshine Coast
Surrey - Central
Tsawwassen
Vancouver - East
Vancouver - West
Vancouver Island
Victoria Core
Westshore
West Vancouver
Whistler